NEWS FLASH! May 2, 2008:
Canadian Insolvencies Fell by 5.5 % for the Month of March, 2008 compared with the Same Month in 2007.
Consumer Bankruptcies were down 6.1% compared with the Same Month the Previous Year.
Business Bankruptcies were down by 8.1% compared with the Same Month the Previous Year.
Proposals fell by 2.8% compared with the Same Month the Previous Year.
For the 12 months ending March 31, 2008 Insolvencies are up by 3.0 compared with the previous year; (2008:109,622 – 2007:106,415)
For more information and more detailed analysis please refer to this site.
if i,m a sole proprietor of a company and go personally bankrupt, can I still be the sole proprietor of the company and take the required wage as set out by the bankruptsy rules.